Companies · Fintech

Nile

Africa · Fintech · founded 2020

Diligence memoA one-page analyst read on Nile — recommendation, valuation, rhythm, risks.
$5.1M
Total raised · real
1
Rounds
Latest step-up
Top 16%
Sector rank · raised
Series A
Latest stage · inferred · Thu May 19 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Nile looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.05× the median modeled value of Series A Fintech companies in 2022–2024 (32 peers) — value vs value, same stage and era.
  • Within the normal band (105% of peer median) for its niche.
Dormant
  • Last raise 4.1 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

4 Investors
Where it sits in Fintech

Nile is one of 1063 Fintech companies tracked from Africa, on record since 2020. By capital raised it ranks in the upper tier (ahead of 85% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

SA agri-tech startup Nile raises $5.1m funding round led by Naspers Foundry 0 By Tom Jackson on May 19, 2022 News , Southern Africa South African agri-tech startup Nile, which enables buyers to purchase directly from Africa’s leading food producers through its marketplace, has raised a ZAR83 million (US$5.1 million) equity funding round led by Naspers Foundry. Nile was founded in 2020 to provide farmers with digital solutions that can address various pain points inherent to food trading – including price transparency, quality verification, speed of payments, the traceability of the produce and

SA agri-tech startup Nile raises $5.1m funding round led by Naspers Foundry 0 By Tom Jackson on May 19, 2022 News , Southern Africa South African agri-tech startup Nile, which enables buyers to purchase directly from Africa’s leading food producers through its marketplace, has raised a ZAR83 million (US$5.1 million) equity funding round led by Naspers Foundry. Nile was founded in 2020 to provide farmers with digital solutions that can address various pain points inherent to food trading – including price transparency, quality verification, speed of payments, the traceability of the produce and

fintech

As reported in public records reported — not modeled.

ZA
Jurisdiction
4
Investors (latest)
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$25M$50M$75M$100MSeries A · 2022-05-19 Raised $5.1M (real) Modeled valuation $67M (est)$5.1M$67MSeries A2022

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$5.1M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$67.2M
Base estimate est.
$6.7M
Conservative case
$236.6M
Upside case
$23.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
53%
Survival probability
29% low · 72% high
1.51×/yr
Annual markup
1.90×/yr upside case
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.1 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.2× above median
This company$5.1M
Sector median$4.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.8× of median
This company$5.1M
Sector median$6.1M
Modeled value — vs sector median (estimate, all stages) 1.5× above median
This company$67.2M
Sector median$45.0M

Raised more than 85% of sector peers (real $). Modeled value above 86% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #16 of 32.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Thndr · Series A Raised $20.0M · modeled $294.6M (est)Peach Payments · Series A Raised $31.0M · modeled $284.2M (est)Bite Ninja, Inc. · Series A Raised $15.4M · modeled $164.7M (est)Kinside Inc. · Series A Raised $16.7M · modeled $151.9M (est)Plerk Holdings LLC · Series A Raised $12.0M · modeled $142.8M (est)GroMo, Inc. · Series A Raised $11.0M · modeled $141.3M (est)RYSE Inc. · Series A Raised $10.0M · modeled $112.6M (est)Neural Payments, Inc. · Series A Raised $13.2M · modeled $107.0M (est)Bizao · Series A Raised $8.2M · modeled $100.4M (est)Purestream Trading Technologies Inc. · Series A Raised $24.9M · modeled $90.4M (est)Ccl Trading Co Inc · Series A Raised $7.5M · modeled $90.1M (est)Pioneer Valley Trading Company, Llc · Series A Raised $8.0M · modeled $83.8M (est)Nile (this company) Raised $5.1M · modeled $67.2M (est)Nile
CompanyStageRaised · realValue · estvs peer med.
ThndrSeries A$20.0M$294.6M4.60×
Peach PaymentsSeries A$31.0M$284.2M4.44×
Bite Ninja, Inc.Series A$15.4M$164.7M2.57×
Kinside Inc.Series A$16.7M$151.9M2.37×
Plerk Holdings LLCSeries A$12.0M$142.8M2.23×
GroMo, Inc.Series A$11.0M$141.3M2.21×
RYSE Inc.Series A$10.0M$112.6M1.76×
Neural Payments, Inc.Series A$13.2M$107.0M1.67×
BizaoSeries A$8.2M$100.4M1.57×
Purestream Trading Technologies Inc.Series A$24.9M$90.4M1.41×
Ccl Trading Co IncSeries A$7.5M$90.1M1.41×
Pioneer Valley Trading Company, LlcSeries A$8.0M$83.8M1.31×
Nile this companySeries A$5.1M$67.2M1.05×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$5.1M2022-05-19$23.2M$67.2M45%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$5.1M2022-05-19
    • First recorded raise — entered as Series A.
    • 4 investors on this round.
Intelligence
Modeled next raise
$8.2M
Modeled next size est.range $5.3M$13.1M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Nile is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
ZA
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Fintech World GroupFintechSeries A$5.0M$98.5Msame sector · same stage
Payment Box, Inc.FintechSeries A$5.0M$14.1Msame sector · same stage
HoneyCoinFintechSeries A$4.9M$16.9Msame sector · same stage
Choice Payment Services, Inc.FintechSeries A$4.8M$60.8Msame sector · same stage
Altair Wealth Systems Holdings, LLCFintechSeries A$4.7M$56.3Msame sector · same stage
Proof Trading, Inc.FintechSeries A$4.6M$124.2Msame sector · same stage
Cityfurnish, Inc.FintechSeries A$4.6M$132.8Msame sector · same stage
PaymentoFintechSeries A$4.5M$26.1Msame sector · same stage
Investors

Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.

FirmRoundConfidence
Base CapitalSeries A55%
Naspers FoundrySeries A55%
Platform Investment PartnersSeries A55%
Raba CapitalSeries A55%
Frequently asked
How much funding has Nile raised?
Nile has raised approximately $5.1M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Nile's estimated valuation?
Provath's modeled valuation for Nile is approximately $67.2M (modeled range $6.7M–$236.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nile at?
Nile's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu May 19.
What does Nile do and where is it based?
Nile operates in the Fintech sector, based in Africa. SA agri-tech startup Nile raises $5.1m funding round led by Naspers Foundry 0 By Tom Jackson on May 19, 2022 News , Southern Africa South African agri-tech startup Nile, which enables buyers to purchase directly from Africa’s leading food producers through its marketplace, has raised a ZAR83 million (US$5.1 million) equity funding round led by Naspers Foundry. Nile was founded in 2020 to provide farmers with digital solutions that can address various pain points inherent to food trading – including price transparency, quality verification, speed of payments, the traceability of the produce and
Explore related

See where Nile sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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